Market Analysis of Crude Oil on Friday 19 Apr 2024

2024-04-19 10:14Source:BtcDana

Crude Oil (WTI)‎ (M4)‎ Intraday: the downside prevails.

 

Pivot:

82.80

 

Our preference:

Short positions below 82.80 with targets at 81.05 & 80.50 in extension.

 

Alternative scenario:

Above 82.80 look for further upside with 83.50 & 84.30 as targets.

 

Comment:

As long as the resistance at 82.80 is not surpassed, the risk of the break below 81.05 remains high.

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